[Special Stock] Daol Investment Sold to Woori Financial Group... Up 13%

[Asia Economy Reporter Kwon Jae-hee] On the morning of the 18th, Daol Investment showed a strong rise of over 13% following the news that Daol Financial Group selected Woori Financial Group as the preferred bidder for the sale of Daol Investment.

As of 9:41 AM, Daol Investment was trading at 4,045 KRW on the KOSDAQ market, up 13.31% from the previous trading day.

During the session, Daol Investment briefly surged 16.95% to 4,175 KRW before giving up some of the gains.

The day before, Daol Financial Group had chosen Woori Financial Group as the preferred bidder for the sale of Daol Investment.

The two companies signed a binding memorandum of understanding (BINDING MOU) to select the preferred bidder and plan to proceed with the full sale process. Following the MOU signing, they will immediately conduct due diligence and aim to complete all sale procedures within the first quarter.

The sale price is reported to be in the low 200 billion KRW range.

Daol Investment & Securities also saw its stock rise as much as 3.58% to 3,330 KRW during the session amid expectations that liquidity 확보 will improve financial stability.

This content was produced with the assistance of AI translation services.